How And Where To Invest In The Current Climate

[zorro1]

Okay I will admit that before the global crisis occurred I had minimal interest and little know how when it came to investing in anything but property. I have learned a lot about precious metals but my question now is where would one invest next week if you were cashed up? What shares would you buy?

[Roadkill]

As soon as Paulson asked for the bailout I had my 401k out of USD stock and into gold http://www.perthmint.com.au/ I went through Asset Strats, but here's a full list: http://www.perthmint.biz/investment/Certif...vedDealers.aspx with little problem.

[Naam]

Okay I will admit that before the global crisis occurred I had minimal interest and little know how when it came to investing in anything but property. I have learned a lot about precious metals but my question now is where would one invest next week if you were cashed up? What shares would you buy?

none!

[Naam]

As soon as Paulson asked for the bailout I had my 401k out of USD stock and into gold http://www.perthmint.com.au/ I went through Asset Strats, but here's a full list: http://www.perthmint.biz/investment/Certif...vedDealers.aspx with little problem.

two questions for you Roadkill. the first is academic as i am not a U.S. person.

1. no problems at all concerning IRS/Tax?

2. in what way do you hold the certificates? are they still a part of your tax deferred 401k portfolio and therefore my question "1" is answered?

[Roadkill]

No problem at all with IRS/Tax, it was just a rollover, bank to bank. Here's the info on the actual certs. http://www.assetstrategies.com/pages/services/perth.html

Not that it matters all that much to me now, I've got 19 years before I can start drawing on it.

[mommysboy]

No problem at all with IRS/Tax, it was just a rollover, bank to bank. Here's the info on the actual certs. http://www.assetstrategies.comat /pages/services/perth.html

Not that it matters all that much to me now, I've got 19 years before I can start drawing on it.

Sit on your money.

Banks will actually represent a good opportunity in a month or 2, they've been paired to the bone and some of them are real bargains. They went into the bear market first and ill come out first.

Other than that why not sponsor a few BG's or perhaps start a buffalo farm.

[zorro1]

As soon as Paulson asked for the bailout I had my 401k out of USD stock and into gold http://www.perthmint.com.au/ I went through Asset Strats, but here's a full list: http://www.perthmint.biz/investment/Certif...vedDealers.aspx with little problem.

Roadkill I'm also wanting to find out why investors are doing what they are doing. Why did you make your switch?

[LaoPo]

Okay I will admit that before the global crisis occurred I had minimal interest and little know how when it came to investing in anything but property. I have learned a lot about precious metals but my question now is where would one invest next week if you were cashed up? What shares would you buy?

none!

You were 1 hour faster than me.

I agree: stay cash or orientate yourself into bonds. Naam's specialty, not mine.

LaoPo

BTW: Mods, I think this thread belongs in the "Jobs, Economy etc...." section....?

Edited October 5, 2008 by LaoPo

[Diablo Bob]

If you had purchased $1,000 of AIG stock one year ago, you would have $42 left.

With Lehman, you would have $6.60 left.

With Fannie or Freddie, you would have less than $5 left.

But if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.

Based on the above, the best current investment advice is to drink heavily and recycle.

It's called the 401-Keg.....

[LaoPo]

But if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.

Don't know about the US but in my country a can of beer in th supermarket is about around € 1.

So, if it would be $ 1/can in the US would a thousand beer cans bring $ 214.-- ?

Give me a minute and I'll start packing........

LaoPo

Edited October 5, 2008 by LaoPo

[Roadkill]

As soon as Paulson asked for the bailout I had my 401k out of USD stock and into gold http://www.perthmint.com.au/ I went through Asset Strats, but here's a full list: http://www.perthmint.biz/investment/Certif...vedDealers.aspx with little problem.

Roadkill I'm also wanting to find out why investors are doing what they are doing. Why did you make your switch?

Summed up the US has adopted Golgafrinchan economics, and I wanted to get out as soon as possible.

"How can you have money," demanded Ford, "if none of you actually produces anything? It doesn't grow on trees you know."

"If you would allow me to continue ..."

Ford nodded dejectedly.

"Thank you. Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich."

Ford stared in disbelief at the crowd who were murmuring appreciatively at this and greedily fingering the wads of leaves with which their track suits were stuffed.

"But we have also," continued the Management Consultant, "run into a small inflation problem on account of the high level of leaf availability, which means that, I gather, the current going rate has something like three deciduous forests buying one ship's peanut."

Murmurs of alarm came from the crowd. The Management Consultant waved them down.

[cmsally]

Maybe some Rio Tinto & HBOS shares.

[zorro1]

But if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.

Don't know about the US but in my country a can of beer in th supermarket is about around € 1.

So, if it would be $ 1/can in the US would a thousand beer cans bring $ 214.-- ?

Give me a minute and I'll start packing........

LaoPo

yay Im rich beyond my wildest dreams!!!

[uptou]

I've noticed the gold spot price fluctuating over the last few days,but what are your opinions on the effect on gold considering the bailout going through,& what are the factors,short & long term?

Do you think the dollar will weaken?

Not in any way looking to put any money into gold at such a high,but interested in the effects over the coming months.

Also interested in peoples opinions on the precious metal funds at companies like usfunds??

Can you really loose on gold LONG term?

Edited October 5, 2008 by uptou

[BEENTHEREDONETHAT]

But if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.

Don't know about the US but in my country a can of beer in th supermarket is about around € 1.

So, if it would be $ 1/can in the US would a thousand beer cans bring $ 214.-- ?

Give me a minute and I'll start packing........

LaoPo

What? Packing your beer cans? How much do you think a container of beer cans would bring? A new way to wealth, and think of the fun emptying them.

[lannarebirth]

As soon as Paulson asked for the bailout I had my 401k out of USD stock and into gold http://www.perthmint.com.au/ I went through Asset Strats, but here's a full list: http://www.perthmint.biz/investment/Certif...vedDealers.aspx with little problem.

Hi Roadkill, Can you or perhaps another learned poster please give the brief version of the deflationary argument for Gold? TIA

[BEENTHEREDONETHAT]

I've noticed the gold spot price fluctuating over the last few days,but what are your opinions on the effect on gold considering the bailout going through,& what are the factors,short & long term?

Do you think the dollar will weaken?

Not in any way looking to put any money into gold at such a high,but interested in the effects over the coming months.

Also interested in peoples opinions on the precious metal funds at companies like usfunds??

Can you really loose on gold LONG term?

Uptou.......I was one of the brillant investors who bought gold (krugerands, Canadian mapleleafs and Chinese Pandas) in the early 80'

If it goes up just a bit more I will be even. Might have lost a little on earnings, like 25Years worth. I'm a sore loser so have never favored gold since. With the funds you don't hold the physical gold so they can in theory go broke and you are out of luck.

[Spaniel]

Okay I will admit that before the global crisis occurred I had minimal interest and little know how when it came to investing in anything but property. I have learned a lot about precious metals but my question now is where would one invest next week if you were cashed up? What shares would you buy?

If your investment time frame is 5+ years buy a Index Fund from either Vanguard (www.vanguard.com) or Fidelity (www.fidelity.com) and sit on it until you retire. Simple, easy and low costs. The recent meltdown in the market, although a catastrope for some, is probably the best buying oppurtunity in years.

[lannarebirth]

Okay I will admit that before the global crisis occurred I had minimal interest and little know how when it came to investing in anything but property. I have learned a lot about precious metals but my question now is where would one invest next week if you were cashed up? What shares would you buy?

If your investment time frame is 5+ years buy a Index Fund from either Vanguard (www.vanguard.com) or Fidelity (www.fidelity.com) and sit on it until you retire. Simple, easy and low costs. The recent meltdown in the market, although a catastrope for some, is probably the best buying oppurtunity in years.

You know, you could be absolutely right about this being the best buying oppotunity in years. If you would, could you desribe for me what you see in the attached chart that has you feeling so bullish?

Edited October 5, 2008 by lannarebirth

[bartender100]

I've got a risk play in Woolworth at the moment (WLW UK), possible bids to come, or a longer term recovery with the new CEO, who say's he will turn it around for the xmas trading. DYOR.

[zorro1]

As soon as Paulson asked for the bailout I had my 401k out of USD stock and into gold http://www.perthmint.com.au/ I went through Asset Strats, but here's a full list: http://www.perthmint.biz/investment/Certif...vedDealers.aspx with little problem.

Roadkill I'm also wanting to find out why investors are doing what they are doing. Why did you make your switch?

Summed up the US has adopted Golgafrinchan economics, and I wanted to get out as soon as possible.

"How can you have money," demanded Ford, "if none of you actually produces anything? It doesn't grow on trees you know."

"If you would allow me to continue ..."

Ford nodded dejectedly.

"Thank you. Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich."

Ford stared in disbelief at the crowd who were murmuring appreciatively at this and greedily fingering the wads of leaves with which their track suits were stuffed.

"But we have also," continued the Management Consultant, "run into a small inflation problem on account of the high level of leaf availability, which means that, I gather, the current going rate has something like three deciduous forests buying one ship's peanut."

Murmurs of alarm came from the crowd. The Management Consultant waved them down.

Oh now I get it

[mrt273nva]

Sit on your money.

cash is currency, and currency is subject to inflation. your cash may be worth nothing later on if you just sit on it. i've said it in other posts. guns, gold, and ammo. since farang can't own guns and ammo here then i'd suggest gold. it might not rise tremendously in value but it will appear to do so when compared to your depreciating cash.

[russianrobert]

Sit on your money.

..........................i'd suggest gold. it might not rise tremendously in value but it will appear to do so when compared to your depreciating cash.

It could also fall in value. Gold has had a very good run lately.

[Roadkill]

As soon as Paulson asked for the bailout I had my 401k out of USD stock and into gold http://www.perthmint.com.au/ I went through Asset Strats, but here's a full list: http://www.perthmint.biz/investment/Certif...vedDealers.aspx with little problem.

Hi Roadkill, Can you or perhaps another learned poster please give the brief version of the deflationary argument for Gold? TIA

I can't, I'm not an economist but I'd like to think I know a little about the fundamentals. A country can't just print money and expect it to have intrinsic value, look at Zimbabwe. The US is doing this, printing/borrowing, while adding to the national debt. While the government is doing this, they encourage individuals to do the same. The US has become a nation of debt, I tell my Malaysian girlfriend that Americans have become a nation of "Needers" instead of "Wanters". It's I need this, I need that, I'll just charge it. Instead of I want this, I want that, I'll save for it. Edit: Just look at the growth of "Financing Companies" in the last 30 years. Even goods makers have financing arms because they make tonnes of money.

I feel that gold will always have intrinsic value, since ancient times it's been tied to materials. Back in ancient Roma a lump of gold would buy you a nice toga, belt, and shoes. Today it'll buy you a nice suit, belt, and shoes. Ok that's an overly simplified example, don't flame me for it. But you see where I'm going with it.

I like to listen to Peter Schiff for advice, he was once an advisor to Ron Paul, and now runs Europac. Here's some vids of his predictions, good stuff: http://csinvestor.com/peter-schiff-videos-...-of-the-dollar/

Edited October 5, 2008 by Roadkill

[Roadkill]

As soon as Paulson asked for the bailout I had my 401k out of USD stock and into gold http://www.perthmint.com.au/ I went through Asset Strats, but here's a full list: http://www.perthmint.biz/investment/Certif...vedDealers.aspx with little problem.

Roadkill I'm also wanting to find out why investors are doing what they are doing. Why did you make your switch?

Summed up the US has adopted Golgafrinchan economics, and I wanted to get out as soon as possible.

...

Murmurs of alarm came from the crowd. The Management Consultant waved them down.

Oh now I get it

Sorry forgot the credits: Douglas Adams: The Restaurant at the End of the Universe, Chapter 32. From: http://flag.blackened.net/dinsdale/dna/book2.html

[Beardog]

Okay I will admit that before the global crisis occurred I had minimal interest and little know how when it came to investing in anything but property. I have learned a lot about precious metals but my question now is where would one invest next week if you were cashed up? What shares would you buy?

If your investment time frame is 5+ years buy a Index Fund from either Vanguard (www.vanguard.com) or Fidelity (www.fidelity.com) and sit on it until you retire. Simple, easy and low costs. The recent meltdown in the market, although a catastrope for some, is probably the best buying oppurtunity in years.

Didn't fidelity take a pretty bad hit itself. I know a couple of investors that lost their shorts on the sure bet contra funds.

[Spee]

What shares would you buy?

I agree completely with another poster who suggested this is a buyer's market. If I had spare money to invest, I would be bulking up on US blue chip companies that have been and still are posting an operating profit and paying dividends.

The herd mentality has driven a lot of companies' stocks well below what they should be worth. I would just go through the Fortune 100 or the Fortune 50 and choose from the most profitable companies and the ones paying the best dividends. Any of these are likely to be significantly undervalued after the herd has sold out. If a company is profitable, stable and paying good dividends, then why would anyone ever want to sell the stock?

Anyone who suggests "investing" in gold or other precious metals is spouting nonsense. Gold is a commodity just like pork bellies, corn, oil or anything else. Why does it always have to be gold? Why not some other commodity? If you think you can buy into and get out of one or more commodity markets better than people who do it for a living, then by all means, be my guest and take your chances.

[mrt273nva]

It could also fall in value. Gold has had a very good run lately.

Watch this. Gold is the best investment in times of economic crises in my opinion.

the trailer

3 part 30 minute trailer. Very interesting

source: www.goldrush21.com

[bendix]

Amazing. The idea of a website called www.goldrush21.com perpetuating the idea that gold is a fantastic investment opportunity!

Who would have thought it?

Edited October 6, 2008 by bendix

[jayjayjayjay]

Okay I will admit that before the global crisis occurred I had minimal interest and little know how when it came to investing in anything but property. I have learned a lot about precious metals but my question now is where would one invest next week if you were cashed up? What shares would you buy?

Any Bank stock that:

1. is in a secure country where the gov guarantees deposits.

2. has dropped more than 1/2 of it's value of 3 months ago.

3. does not have exposure to "credit swaps" of any type

Edited October 6, 2008 by jayjayjayjay